Netflix may be planning a weekly news magazine show

The streaming behemoth is in the early stages of developing a weekly news magazine show that would rival CBS' "60 Minutes" and ABC's "20/20," Marketwatch reported Tuesday. The publication cited an unnamed TV exec who it said worked with Netflix on a documentary series. (CBS is the parent company of CNET.)

Netflix has expanded its ambitions by spending billions of dollars on original series, documentaries and talk shows. A news show could become another part of that effort.